Hartford MidCap Value Fund

Domestic Equity fund

Hartford MidCap Value Fund

SHARE CLASS

NAV

(as of 11/30/2023)

$16.05

NAV CHANGE

(as of 11/30/2023)

+0.13

(+0.82%)

Key Documents

Actions

Objective

Seeks long-term capital appreciation.

Overview

A mid-cap fund that seeks deeply discounted companies with temporary or cyclical issues in which the upside potential is overlooked.

Portfolio Management

Gregory J. Garabedian

Senior Managing Director

Equity Portfolio Manager

6

YRS

MANAGING THIS FUND

17

YRS

AT WELLINGTON MANAGEMENT

26

YRS

EXPERIENCE IN THIS INDUSTRY

The portfolio manager is supported by the full resources of Wellington.

Performance

PERFORMANCE %

Hartford MidCap Value I	-0.67	0.35	12.90	7.33	6.62	7.77
	CUMULATIVE % (as of 10/31/2023)		AVERAGE ANNUAL TOTAL RETURNS % (as of 10/31/2023)
	YTD	1YR	3YR	5YR	10YR	SI
Benchmark	-4.44	-3.56	8.78	5.69	6.89	---
Morningstar Mid-Cap Value Category	-2.14	-1.15	11.73	6.45	6.58	---

Hartford MidCap Value I	3.90	15.79	15.20	5.95	7.60	8.02
	CUMULATIVE % (as of 9/30/2023)		AVERAGE ANNUAL TOTAL RETURNS % (as of 9/30/2023)
	YTD	1YR	3YR	5YR	10YR	SI
Benchmark	0.54	11.05	10.98	5.18	7.92	---
Morningstar Mid-Cap Value Category	2.19	14.25	13.89	5.74	7.51	---

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

SI = Since Inception. Fund Inception: 04/30/2001

Share Class Inception: 5/28/10.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 4/30/01.

Characteristics

FUND ESSENTIALS

Inception Date	04/30/2001
Net Assets	$881 million
Total Operating Expenses	0.86%
Morningstar Category	Mid-Cap Value
Lipper Classification	Mid-Cap Core Funds
CUSIP	41664M425
Fund Number	1552

FUND STATS

# of Holdings	72
% in Equities	99
% in Foreign Equities	6
Beta (3 year)	1.02
R Squared (3 year)	0.97
Standard Deviation	20.77%
Turnover- (9/30/2023)	86%
Active Share	90%

Holdings Characteristics

	FUND	Russell Midcap Value Index

Price/Earnings	10.6x	12.1x
Price/Book	1.8x	2.1x
EPS Growth Rate	8.7%	9.9%
Asset Weighted Market Cap (billions)	$15.0	$19.9
Return on Equity	12.7%	13.7%
Median Market Cap (billions)	$9.8	$8.6

Top Ten Holdings (%)

M&T Bank Corp.	2.62
Centene Corp.	2.25
Diamondback Energy, Inc.	2.17
Allstate Corp.	2.15
New York Community Bancorp, Inc.	2.10
Welltower, Inc.	2.05
U.S. Foods Holding Corp.	2.03
Dollar Tree, Inc.	1.98
Aegon Ltd.	1.93
Coterra Energy, Inc.	1.88
Total Portfolio %	21.16

M&T Bank Corp.	2.53
Diamondback Energy, Inc.	2.29
New York Community Bancorp, Inc.	2.13
Centene Corp.	2.09
Marathon Oil Corp.	2.09
Welltower, Inc.	2.09
Kemper Corp.	2.00
Everest Group Ltd.	1.95
Aegon NV	1.87
Gentex Corp.	1.86
Total Portfolio %	20.90

Full Portfolio Holdings

Market Cap Distribution (%)

Market Cap Header3
Less than $2 billion	2
$2 billion - $5 billion	18
$5 billion - $10 billion	27
Greater than $10 billion	53
Not Classified	0

RETURN CHARACTERISTICS

Alpha (5 Year)	1.61
Down Capture (5 Year)	96.03
Information Ratio (5 Year)	0.42
Sharpe Ratio (5 Year)	0.34
Up Capture (5 Year)	101.34

Sector Exposure (%)

Exposure Chart Header	FUND		BENCHMARK	UNDERWEIGHT / OVERWEIGHT
Exposure Chart Header2	9/30/23	10/31/23	10/31/23	-4 0 4
Financials	20	21	17
Consumer Discretionary	10	11	9
Health Care	9	9	7
Energy	8	7	6
Consumer Staples	5	5	4
Information Technology	11	9	9
Communication Services	3	3	3
Real Estate	7	8	10
Materials	6	6	8
Utilities	5	5	8
Industrials	16	15	19

Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.

distributions and capital gains

Distribution Date	Distribution NAV	ordinary income	short term capital gains	long term capital gains	total distribution
12/28/2022	14.65	$0.0947	$0.0000	$0.0000	$0.0947
12/12/2022	15.35	$0.0000	$0.0165	$1.5622	$1.5787

Past distributions are not indicative of future distributions.

Insights

Why a Style Blend of Small- and Mid-Caps May Belong in a DC Plan

DC plans may benefit from actively managed options that include a style blend of small- and mid-cap stocks that may have the potential to grow and add value.

US Equity Leadership May Change in the Next Business Cycle

Small caps and midcaps outperformed in the wake of the 2000 dotcom meltdown. Could the current environment be quietly preparing a repeat performance?

The Cyclical Nature of Active & Passive Investing

Recent performance has favored passive investing. But a look at the big picture shows how performance moves in cycles and reveals why active management isn't dead.

Value's Resurgence: Flash in the Pan or Here to Stay?

Can value's recent outperformance be sustained? Here are some questions worth asking.

Four “Flavors” of Value for Equity Investors

Value stocks can be found in many areas of global equity markets, but four areas in particular are catching our attention.

Fund Literature

VIEW MY SAVED ITEMS

09/30/2023 - PDF (162 KB)

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

Hartford MidCap Value Sales Idea Flyer

09/30/2023 - PDF (159 KB)

This flyer highlights how mid-cap value stocks have historically performed.

09/30/2023 - PDF (133 KB)

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

Quarterly Attribution Report

09/30/2023 - PDF (172 KB)

Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.

1 Year Attribution Report

09/30/2023 - PDF (172 KB)

Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.

Summary Prospectus

PDF (138 KB)

A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.

MidCap Value Fund Pitchbook

09/30/2023 - PDF (485 KB)

This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.

Semi-Annual Report

PDF (3 KB)

An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.

Statutory Prospectus

PDF (13 KB)

A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.

PDF (3 KB)

An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.

PDF (13 KB)

A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.

Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.

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